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Aras Names Brit Hutchins New CFO

Next Generation PLM Provider Appoints New CFO for Continued Global Growth and Expansion

Andover, MASS. and Munich, Germany – January 30, 2013 – Aras®, the leading enterprise open source Product Lifecycle Management (PLM) software solution provider, today announced that J. Britton (“Brit”) Hutchins, CFA, has joined the company as chief financial officer. Mr. Hutchins has a proven track record of leadership at high growth technology firms and will manage finance, accounting and legal worldwide to drive Aras’s continued international expansion.

“Aras has achieved record growth for the last 5 years and as we continue to scale our business globally we needed an experienced CFO. We chose Brit for his depth of expertise, knowledge of the PLM industry and ability to think outside the box. With Brit on board, the Aras executive team is in place for further acceleration,” said Peter Schroer, President of Aras.

Prior to joining Aras, Hutchins was CFO at VISTAGY for 8 years. During his tenure at VISTAGY, the company experienced consistent year over year growth culminating in an acquisition by Siemens AG in 2011. A 25-year industry veteran in finance, legal, IT and operations, Hutchins has served in various executive level positions on Wall Street and in emerging high-tech companies, including Standish, Ayer & Wood, FaxNet and Sonexis. Throughout his career, Hutchins has focused on building growth companies, global expansion and corporate development.

Hutchins is a Chartered Financial Analyst (CFA), sits on numerous boards and is a former board member of the Boston chapter of the Financial Executives International. He holds a BA in economics from Williams College and an MBA from Babson.

“I’m impressed with the way Aras has grown and differentiated itself over the past five years, and I believe the company is well positioned to capitalize on opportunities in the PLM market. The advanced technology in the Aras platform gives the company an advantage in the marketplace and the Aras team is comprised of smart industry veterans who know what it takes to be successful. I look forward to working with everyone here as we continue to build a strong, high growth business,” said Brit Hutchins, CFO of Aras.